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प्रश्न
Discuss the guidelines enumerated by the Companies Act 2013 for Corporate Social Responsibility.
उत्तर
Corporate social responsibility in general refers to the responsibilities and duties of the businesses towards the society. The Corporate Social Responsibility in India as governed by the Companies Act, 2013 (under Clause 135) applies to those companies which have an annual turnover of Rs. 1,000 crore and more, or those having a net worth of Rs. 500 crore and more, or a net profit of Rs. 5 crore and more.
The meaning of CSR as per Companies Act, 2013 can be understood with the help of the following guidelines:
1. The companies are required to setup a committee for Corporate Social Responsibility consisting of 3 or more board members of the company, including at least one independent director.
2. The companies should spend at least 2% of their average net profits made during 3 immediately preceding financial years, in regards with the Corporate Social Responsibility Policy.
3. In India, only those CSR activities should be taken by the company which are a part of Corporate Social Responsibility Policy as formed on the recommendations of Corporate Social Responsibility Committee.
4. The activities which a company may undertake under CSR, should be according to those as specified under Schedule VII of the Act.
5. The activities which are exclusively meant for employees of the organisation or their family members will not be considered as a part of CSR.
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संबंधित प्रश्न
Write a word or phrase or a term which can substitute the following.
Indian philosopher who had promoted concept of social responsibility in ancient times.
Answer the following question.
What is social responsibility? Explain modern concept of social responsibility.
What do you understand by social responsibility of business? How is it different from legal responsibility?
State the meaning of Corporate Social Responsibility as per the Companies Act 2013.
Build up argument for and against social responsibilities.
Match the pairs.
| Group ‘A’ | Group ‘B’ | ||
| A) | Employees | 1) | Good quality product |
| B) | Responsibility to Investors | 2) | To maintain solvency and prestige |
| C) | Responsibility towards government | 3) | To serve society |
| D) | Economic Objective | 4) | Voluntary |
| E) | Business ethics | 5) | Job security |
| 6) | Compulsory | ||
| 7) | Respecting rules and regulations | ||
| 8) | To earn profit | ||
|
9) |
Branch of Social Science |
||
| 10) | Protection and environment | ||
Give one word/phrase/term for the following sentence.
Name the philosophy related to social responsibility propounded by Mahatma Gandhi.
Social responsibility is broader than the legal responsibility of business.
Select the correct option.
(Responsibilities towards shareholders, responsibilities towards consumers,
Responsibilities towards the government, Responsibilities towards society)
| Group A | Group B |
| 1) After-sales service | ____________ |
| 2) Timely payment of proper taxes | ____________ |
| 3) ____________ | Protest Anti Social Activities |
| 4) _____________ | Fair practices on the stock exchange |
Correct the underlined word and rewrite the sentence.
Moral values provide general guidelines for social conduct.
Study the following case/situation and express your opinion.
| Yashwant Co. Ltd. is providing facilities for their female staff like a daycare center for kids and work from home facility. Even management takes their suggestions while taking the decisions though they are members of trade union. |
- By doing this they are following social responsibilities towards which interest groups?
- What values are they presenting?
- What kind of responsibilities employer follows in the above case?
Choose the Correct Answer.
Assuming Social Responsibility of business helps the enterprise in ______
What do you mean by Social Responsibility?
Who are called Stakeholders?
Give one word or phrase for the following sentence:
Who propounded the concept of trusteeship?
Legal responsibility is broader than the social responsibility of business.
Justify the following statement.
Social responsibility is necessary for the protection of the environment.
